CENTER OF HOPE INC (EIN 631275738) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

GARRY BURNS

Tax Period

2023-08-01 to 2024-07-31

CENTER OF HOPE INC, founded in 2003, is a community nonprofit in the Mental Health sector that reported $3.0M in total revenue in fiscal year 2018. Revenue decreased 10% compared to the prior year. Expenses of $2.7M left a modest 13% surplus.

Mission

Aid those in recovery from substance abuse by providing food,clothing,and housing. Counselors provide emotiional and spiritual support. Organization operates a thrift store as the primary source of funds to provide these services.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,093,052

Program Service Revenue $603,376

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,696,428

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,119,988

Fundraising Expenses $0

Program Expenses $4,321,234

Other Expenses $3,201,246

TOTAL EXPENSES $4,321,234

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,696,428	$4,957,765	-0.1%
Expenses	$4,321,234	$3,470,794	+0.2%
Net Income	$375,194	$1,486,971	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICHOLAS B BURNS	SCHOOL ADMINISTRATOR	0.00	Director Key Emp	$0	$0	$0
SHAWN DANFORD	OPERATION DIR	40.00	Director Key Emp	$0	$0	$0
SHERRELL SEARS	OPERATIONS DIRECTOR THRIFT	40.00	Director Key Emp	$0	$0	$0
GARRY BURNS	DIRECTOR	65.00	Officer Director	$0	$0	$0
MACK HUCKABY	BOARD MEMBER	3.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$4,696,428	$4,321,234	$9,596,653	$375,194
2023	$4,957,765	$3,470,794	$9,143,682	$1,486,971
2022	$4,471,218	$3,069,020	$7,876,665	$1,402,198
2021	$3,849,966	$2,589,736	$7,940,764	$1,260,230
2020	$3,249,673	$2,728,612	$7,474,556	$521,061
2019	$3,041,236	$2,658,873	$6,916,372	$382,363

CENTER OF HOPE INC